Wesbanco Bank Inc. acquired a new stake in B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,400 shares of the basic materials company’s stock, valued at approximately $37,000.
Several other hedge funds also recently modified their holdings of the stock. Mondrian Investment Partners LTD bought a new position in B2Gold during the third quarter worth about $25,000. Cantor Fitzgerald L. P. bought a new position in B2Gold during the third quarter worth about $37,000. MML Investors Services LLC bought a new position in B2Gold during the third quarter worth about $40,000. Evergreen Capital Management LLC bought a new position in B2Gold during the third quarter worth about $44,000. Finally, Power Corp of Canada bought a new position in B2Gold during the first quarter worth about $49,000. Institutional investors own 52.20% of the company’s stock.
B2Gold Stock Performance
Shares of BTG opened at $4.01 on Wednesday. B2Gold Corp. has a one year low of $2.81 and a one year high of $5.07. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 16.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.21 and a quick ratio of 3.51.
B2Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Wednesday, March 8th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $0.16 annualized dividend and a dividend yield of 3.99%. B2Gold’s dividend payout ratio (DPR) is presently 64.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. CIBC cut B2Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $4.75 in a report on Monday, January 30th. BMO Capital Markets reduced their price objective on B2Gold from C$7.50 to C$7.00 in a report on Thursday, January 19th. Royal Bank of Canada restated a “sector perform” rating and set a $4.25 price objective on shares of B2Gold in a report on Wednesday, March 8th. Finally, National Bank Financial reduced their price objective on B2Gold from C$6.75 to C$6.50 in a report on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, B2Gold presently has an average rating of “Moderate Buy” and an average target price of $6.14.
B2Gold Company Profile
B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.
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